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Nice to see green...will it last? Hope so.
Aurora,s bunk weed will be given away to Europe.
https://mjbizdaily.com/aurora-sends-first-shipment-of-free-cannabis-to-france/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20210825_NEWS_Daily&elqTrackId=BB025E996244A599F16FA956398A3A37&elq=bfeb156f43aa47dfac7e22d27b21da90&elqaid=5145&elqat=1&elqCampaignId=3736
Canadian cannabis grower completes 2021 planting season
The 2021 harvest is coming to an end. more outdoor/indoor space licensed than ever before..
Over 1,000 acres licensed for outdoor growing in Canada..
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/licensed-area.html
if 1,000kg yield per acre..
that's a billion grams of cannabis...
equal to a hundred billion milligrams of pure THC (10% extraction rate).
which could be well over 3 billion cannabis infused drinks (30mg/drink)..
just from outdoor acreage alone.. potentially enough supply for every single person in Canada to have 75 drinks per year...
Oversupply occurrent, THC way overvalued.
Canadian cannabis grower completes 2021 planting season
dailyhive.com/vancouver/dfgdytdb
Missed this bit of news...
https://mjbizdaily.com/aurora-cannabis-outdoor-farm-in-bc-evacuated-due-to-wildfire/
Yeah, I was nervous when I saw how many facilities acb closed up and reduced output. Still am btw, but all the data we see seems to make it more and more a better path than not doing such.
Yet, retail stores are packed with product. No retail supply shortage here. Isn't supply only going to improve/increase in the future?
THC overvalued.
ACB worthless
Att MODS
This ticker can be modyfied.
NASDAQ:ACB
Summer will be over soon and the buying uptrend will begin. This happens every summer, sell off.
Just 10,000 global producers producing 10,000kg per year each is 100 billion grams of total cannabis.
Canada has 500 licensed producers while the state of California alone already has almost 5,000!
10,000kg? could be grown in a medium sized greenhouse or on just 10 acres outdoors.
Colombia, Thailand, Lesotho, South Africa, Caribbean, all entering industry with force...
Competition high.
ACB [$1.5B] overvalued
Colombia Lifts Legal Barriers, Marks Significant Step Forward in Cannabis Growth
The Senate approved an infrastructure bill that contains provisions directing federal agencies to create a process to let researchers study marijuana that consumers actually buy from dispensaries, instead of just using government-grown cannabis. The House has already passed similar legislation.
Reading up on the trading halt of ausa...
"Total Capex committed by ALPS’ clients since Aurora divested its interest just 12 short months ago during the Covid crisis, stands at approximately $1 billion, with a rapidly growing business development pipeline approaching $4 billion in total Capex to be spent by potential clients over the next 24 months."
Right, thanks. Forgot about the different fiscal year.
I believe early to mid September was the historical time-frame
Well, I did say almost zero chance :) But no, I have no logical reason. Just a lot of experience watching this company fail on a grand scale.
I would honestly swear to jeebus bet $50K on them falling short of EBITDA. But hey, I also honestly hope they make it.
When’s the release date?
I do understand the frustration. Is tbis just "venting", or do you have some logical way to conclude a 0 chance? Looking at high Tide and other things I am curious what others think the big picture to be. If the 8m sale was not figured in when they spoke to us last, we are getting pretty close....??? Not talking about profits, just ebita positive.
I don't know if covid is still messing with things in Canada. If it is, I guess it could be still an uphill battle.
Almost zero chance. I wish this POS would pop to 15-20 again so I can get out. Can’t believe I didn’t jump on last one.
If you review the turnaround trend getting costs under control, along with this 8m sale and details of their last quarter, I'm thinking we might actually have an ebita positive for once... which would be un expected however with what they said last...unless they figured in that 8m sale.... thoughts?
In the tradition of most Canadian LP's, lets add more dead weight while losing millions.
Did it effect market capitalization?
I would agree that the RS never should have taken place, if that's your point?
Look at MVIS, down to $.17, announced an RS, then lo and behold it hit over $20 after cancelling the RS, after pumping air, with no bottom line changes, go figure..
Currently the real share price is .63 cents lol what a joke
Wondering if she still has ties to NORGINE pharmaceutical... nice connections on the quick search about her.
Aurora Cannabis Announces Appointment of New Independent Director
Mon, July 26, 2021, 6:58 AM·5 min read
Distinguished senior healthcare executive, Theresa Firestone, to fill newly added position
NASDAQ | TSX: ACB
EDMONTON, AB, July 26, 2021
Aurora Cannabis Delivers $8 Million Shipment of Cannabis to Israel
Nobody gives a F!!K
I see and remember. Got out of Aurora a long time ago. I agree.
not sure. and don't care.
i am gonna keep my eye on them who knows might by a buy https://stockhouse.com/companies/news/c.ausa/australis-capital-inc
naw . . you don't remember the days of ACB (aurora)
i thought we posted pretty extensively in that forum of 2019-2020
yeah forget bio-techs.
Don't own any Biotech stocks. You must be talking to someone else.
Nice! Another checkbox they are still buying from us.
Aurora Cannabis Delivers $8 Million Shipment of Cannabis to Israel
https://finance.yahoo.com/news/aurora-cannabis-delivers-8-million-105800855.html
no more BioTech stocks for me ever. do Not Invest in bio-tech company's. Too many things will change quit or go wrong haa. really.
If you have bio-tech stocks . . that makes you more 'crazy then me.
what technical traders would call a pennant pattern and could break out within the coming weeks. https://www.msn.com/en-us/news/other/what-s-next-as-aurora-cannabis-is-nearing-the-breakout-point-of-a-pennant-pattern/ar-AAMa6to?ocid=msedgdhp&pc=U531
Bulls would like to see the stock continue to trade within the pennant pattern until it is able to break above pattern resistance. Breaking above pattern resistance could mean
Pivot Point 1st Resistance: 8.12
Pivot Point 2nd Resistance: 8.72
Pivot Point 3rd : $ 9.04
long way to go ,
'die-hards
Try the USA mso's TRu & Cura
And here's a bad T/A news:
The P&F Pattern had a Double Bottom Breakdown today, 14-July-2021 after just yesterdays positive showing of a reversal in the making.
Well, I don't have many shares. I'm planning to watch until T/A shows a change in the current downtrend to buy at lower prices.
C'est la vie!
GLTA
The first draft of a long-anticipated Senate bill to federally legalize marijuana has been released—and its sponsors are asking for public input to further improve the legislation before it is formally introduced.
Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) are unveiling the draft at a press conference on Wednesday. It’s an extensive bill, titled the Cannabis Administration and Opportunity Act, that weighs in at 163 pages.
The main features of the legislation largely align with what advocates and stakeholders expected. It would federally deschedule cannabis, expunge prior convictions, allow people to petition for resentencing, maintain the authority of states to set their own marijuana policies and remove collateral consequences like immigration-related penalties for people who’ve been criminalized over the plant.
https://www.marijuanamoment.net/here-are-the-full-details-of-the-new-federal-marijuana-legalization-bill-from-chuck-schumer-and-senate-colleagues/
Another Seattle person in Aurora, very cool.
P&F Pattern Low Pole Reversal today 13-July-2021 GLTA
https://stockcharts.com/freecharts/gallery.html?ACB
Geesh it seems so long since this company got good news. I’ll take it…
Here is some positive news for Aurora Cannabis
https://www.google.com/amp/s/m.jpost.com/israel-news/politics-and-diplomacy/ministers-advance-legalizing-cannabis-673487/amp
Aurora conveniently signed a 2 year agreement with Cantek in Israel at the end of 2020 which if full scale legalization happens I would presume Aurora would also consider adding an Aurora Israel.
https://www.tipranks.com/news/aurora-cannabis-inks-supply-deal-with-israels-cantek/
-ACB
Nice post! Miguel said they were really liking Germany, seems as though medical keeps on growing bigger and bigger. Aurora definitely seems to be the biggest MJ player globally. Just need some news about why in the world they would be patenting San Rafael ‘71 for the U.S. Would be great to get news of some kind of acquisition or merger before the long 4th of July weekend!
-ACB
BusinessCann
Press ReleasesCannovum AG Enters Supply Agreement For Medical Cannabis with...
PRESS RELEASES
Cannovum AG Enters Supply Agreement For Medical Cannabis with Aurora Europe
By
BUSINESSCANN
-
JUNE 25, 2021
428
0
CANNOVUM AG (stock exchanges Düsseldorf, Munich, Hamburg, Berlin) has entered into a long term supply agreement with Aurora through its licensed subsidiary, Cannovum Health eG.
Starting today (June 24) Cannovum will distribute the full range of medical cannabis products offered by Aurora to pharmacies throughout Germany.
The canadian company Aurora is one of the largest authorised manufacturers of medical cannabis in the European Union. After the German legalization of medical cannabis in 2017 Aurora joined the German market with their acquisition of the German company Pedanios, thus making Aurora / Pedanios products one of the first cannabis medicines available in Germany.
This allowed doctors and pharmacists to gain experience in treating their patients with these products.
Expanding the medical cannabis portfolio with the full range of Aurora products is therefore an important step for Cannovum towards ensuring best possible patient care.
“We want to support doctors and pharmacists in finding the appropriate treatment for their patients. In order for us to achieve that, we need to provide a full portfolio of medical cannabis which gives them the opportunity to fully customize the therapy. By partnering with Aurora we are confident that we continue to provide high quality medication to ensure every patient receives the best therapy”, says Pia Marten, CEO of Cannovum AG.
Cannovum’s own team of pharmaceutical representatives has received intensive training in the new products, in order to confidently advise pharmacists and doctors.
About Cannovum
Cannovum AG is the first German listed medical cannabis company. Through its subsidiary Cannovum Health eG, Cannovum is a fully licensed pharmaceutical wholesaler, importer and manufacturer of high-quality medical cannabis products based in Berlin. The company focuses on the import of high-quality cannabinoid products, medical-scientific education and all-encompassing distribution for simplified and facilitated access to cannabis-based therapies.
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